What is Islamic Microeconomics ? Meaning, Definition, and Example

Islamic microeconomics is a branch of economics that examines individual and firm-level economic activities within the framework of Islamic principles and values.

For complete lecture, visit:https://youtu.be/ZTAN9paZLms

It focuses on how resources are allocated, goods and services are produced and consumed, and the distribution of wealth in a way that aligns with Islamic teachings. Central to this is the concept of price theory in Islamic economics and finance, which emphasizes fairness, transparency, and ethical transactions.

Additionally, Islamic microeconomics considers the factors of production in Islam, including labor, capital, land, and entrepreneurship, while ensuring that these resources are utilized in ways that comply with Islamic moral guidelines, such as avoiding exploitation and ensuring social justice.
#IslamicMicroeconomics #Microeconomics #AIMS #AIMSEducation #Education #elearning #Training #OnlineCourses #WhatIs #OnlineCourses #IslamicBanking #IslamicFinance #ShariahCompliant #IslamicFinancing #IslamicBankingandFinance #Banking #Finance #IslamicStudies #IslamicEducation

Institute of Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-institute/
Certified Islamic Banker (CIB)
https://aims.education/islamic-banking-certification-courses/
Certified Islamic Finance Expert (CIFE)
https://aims.education/islamic-finance-certification-courses/
Master Diploma in Islamic Finance (MDIF)
https://aims.education/diploma-in-islamic-banking-and-finance/
MBA in Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-mba-masters-degree/
PhD Islamic Finance
https://aims.education/phd-islamic-finance-and-banking/